The New 70 Million Pesos Scam

PCCI Trivia:

WHAT SCANDAL COULD TOP

THE HEADLINE BREAKING NEWS OF

THE 7 MILLION PESOS SCAM LAST YEAR?

Answer:

THE NEW 70 MILLION PESOS SCAM of 2009

(Yes you read this right SEVENTY MILLION)

COMING THIS OCTOBER when the deal is scheduled to be finalized.

As you read this blog, PCCI is nearing bankruptcy, (sad but true with less than 2.5 million left in the bank despite amassing a gross income of close to 100 million in the last 3 years 2006, 2007 & 2008 as reported in their audited financial statements submitted to the BIR by the Punong Bayan & Araullo Certified Public Accountants). In a desperate effort to sell off the last remaining substantial asset of the Club before their term ends in May 2010, the KKKs in the Board are leaving no stones unturned. At this moment secret meetings are being held to fast track the sale of the PCCI Hall in Marikina, unknown to the members.

IN THE PCCI BY-LAWS, these KKK directors cannot legally run for re-election in May 2010 as they complete their two consecutive terms: (each term is equivalent to 2 years)

Augusto Benedicto “Dinky” Santos III

Ronnie “Bong” Natividad

Roland Gapus

Emiliano “Milo” Valdez

This September, the PCCI celebrates its one year anniversary since the 7 million scam was exposed and up to now, not a single centavo was recovered, PCCI lost the court case it filed against their fall guy Danny Ramilliano and everything is back to normal at the Club as if nothing ever happened. “ It’s time to forgive and forget, we all just have to move on…” as twice ousted President Bong Natividad declared at the FCI International show last month. Ganun ba nalang yun?

Will the 70 million from the sale of the Marikina property end up like the 7 million Danny scam? A resounding YES. Time is almost up, it's now every man for himself take as much as you can and run run run.

The obituary & final chapter of the PCCI will read:

AFTER 45 YEARS IN EXISTENCE, ALL IT TOOK WAS ONE STUPID & GREEDY ADMINSTRATION TO CAUSE THE DOWNFALL OF OUR REVERED INSTITUTION KNOWN AS THE PHILIPPINE CANINE CLUB INC. R.I.P.

It's sooooo very sad.

FLASH REPORT....

AFTER TYPHOON ONDOY SUBMERGED MARIKINA UNDERWATER LAST SEPT 26, 2009 THE NEGOTIATIONS FOR THE SALE OF THE PROPERTY HAVE BEEN PUT ON HOLD. THE PCCI DIRECTORS WHO ATTENDED A JUNKET THAT SAME WEEKEND IN PAMPANGA (OVERNIGHT STAY IN A 5 STAR HOTEL & ALL YOU CAN EAT FOOD & LIQUOR PAID BY THE CLUB) WERE STUCK IN TRAFFIC ON THEIR WAY BACK HOME AND HAD TO SPEND THE WHOLE NIGHT IN THEIR CARS WHILE THOSE PCCI DIRECTORS WHO WERE AT THE DOG SHOW THAT DAY IN MARIKINA WERE STRANDED THERE OVERNIGHT. MERCIFULLY GOD SPARED THE PCCI SHOWGROUNDS AND NO DAMAGE WAS REPORTED. NAKARMA ANG MGA PCCI DIRECTORS.